World Stops; CFTC & NFA Compliance March On

With the ongoing concerns surrounding COVID-19, news is moving fast. That means government agencies, businesses, and whole industries are having to respond quickly. As of today (March 26, 2020) the National Futures Association (“NFA”) and Commodity Futures Trading Commission (“CFTC”) have issued several notices.

NFA Proposed Change to CTA Performance Presentation

On March 6, 2020 NFA submitted to the CFTC a proposed rule change related to how CTAs can show performance results to customers. On the same day they also proposed a change to how hypothetical performance may be shown and what material information must be disclosed.